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Estate agents/cash buyers

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I am interested in whether cash buyers who are looking at present let the Estate agents know how much they are looking to buy for? ie do you say you have x amount available for y type house/flat etc. Do the agents then send you details of properties available via email. Sorry to sound so thick only have no experience of the way it works

Comments

  • poppysarah
    poppysarah Posts: 11,522 Forumite
    I have to chase EAs for info, despite being registered with them all they don't seem particularly bothered by me having cash to buy. I assume there's a lot of cash buyers about.
  • THanks Poppysarah, so it makes no difference really whether you register with them as they dont always send relevant info?
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    You may as well give them your details so when you want to view they'll look you up and have everything they need without going through it each time.
  • Ok thanks again
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    Depends on the agent really, but with the market being so quiet, they really have no excuse.

    Have you thought about placing an add in your local paper ? sometimes it can attract vendors that have been considering marketing , but havent actually put their property on the market yet .
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    I only want to buy in one of a few streets so I might do a leaflet at some point ...
    :)
  • How would you word it in the local paper. I think I would be a bit worried about letting the general public know how much money I have spare.

    How would I know that the caller is genuine?
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    Unfortunately the only checks that some agents make are to take a home telephone number, and an address.. There is no guarantee, that 100% are genuine, but in 10 years , I never met anyone that wasnt:)

    I would just place an add stating what you are looking for, price area etc, stating that you can proceed immediately, without stating your a cash buyer.

    Obviously if anyone is interested in selling , they will have to give you their address to view, and a contact number ( home )

    Hope this helps your dillema

    Edited to say dont put any of your contact details in the add other than a mobile number :)
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    "Edited to say dont put any of your contact details in the add other than a mobile number "

    ... or a hotmail address that you set up specifically for the purpose....
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